Teledyne Technologies Announces Management Transition

LOS ANGELES - June 24, 2003 - Teledyne Technologies Incorporated (NYSE:TDY) announced today that Robert J. Naglieri, senior vice president and chief financial officer would be leaving the company effective July 7, 2003, to become executive vice president and chief financial officer at Sunrise Medical. Sunrise Medical is a manufacturer of homecare and extended care products.

"Effective July 7, 2003, Dale A. Schnittjer, vice president and controller, will assume the duties of CFO on an interim basis," said Robert Mehrabian, chairman, president and chief executive officer of Teledyne Technologies Incorporated.

Schnittjer, a seasoned financial executive, has held various financial positions with several of Teledyne's aerospace and electronics companies since 1971.

Teledyne Technologies is a leading provider of sophisticated electronic components, instruments and communication products, systems engineering solutions, aerospace engines and components and on-site gas and power generation systems. Teledyne Technologies has operations in the United States, the United Kingdom and Mexico. For more information, visit Teledyne Technologies' website at www.teledyne.com.

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